All categories

3 years ago

What is the best loan option for a neighborhood Lemonade stand? Why?

Business

1 answer:

Radda [10]3 years ago

3 0

Short term loan is the best loan option for a neighborhood Lemonade stand because it is a small business.

Explanation:

Short term loan is obtained for a small business capital need. Short term loans are usually payable within an year. The interest to paid to short term loan is less compared to long-term loan.

Bank offers loan amount easily because they encourage people to do small business. In short term loan, risk is generally low and the profit is high if the business is running well.Since lemonade stand is a small business, short-term loan is the best loan option.

You might be interested in

Walmart sells a bike that cost $100 to a customer for $250 cash. using a perpetual inventory system, the entry to record the sal

hjlf

1. Using a perpetual inventory system, the entry to record the sale for Walmart includes a debit to the Cash account and a credit to the Sales Revenue account for $250.

2. The entry to record the cost of the sale under the perpetual inventory system includes a debit to the cost of goods sold and a credit to Inventory for $100.

<h3>What is the perpetual inventory system?</h3>

The perpetual inventory system can be differentiated from the periodic inventory system by the fact that perpetual inventory continuously updates the inventory value without relying on the physical inventory count.

Under this system, the cost of goods sold is debited and the inventory account is credited.

Learn more about the perpetual inventory system at brainly.com/question/25014592

3 0

2 years ago

What problems should you be prepared for when entering a parkway

Aleksandr [31]

Problems that may occur when entering a parkway are: cars not yielding or moving over for oncoming traffic, cars not obeying the speed limit and cars not keeping up with the flow of traffic. It is important to make sure you check your surroundings multiple times when entering a parkway because you are coming into traffic that has been moving at a much faster rate and trying it merge in with them.

5 0

3 years ago

Bonita Industries is constructing a building. Construction began in 2020 and the building was completed 12/31/20. Bonita made pa

Trava [24]

Answer:

Bonita Industries is constructing a building. Construction began in 2020 and the building was completed 12/31/20. Bonita made payments to the construction company of $3090000 on 7/1, $6408000 on 9/1, and $5840000 on 12/31. Weighted-average accumulated expenditures were

6 0

3 years ago

Mr. Manning is looking to invest in a one-year stock option and has four possible options. The four options have various rates o

ELEN [110]

Answer:

Mr. Manning

a. YHA is the best expected value decision with an expected value of $59,766.

b. HTC is the worst expected value decision.

Explanation:

a) Data and Calculations:

Stock Market Rising Market Stable Market Falling

SUA $68,082 $47,373 $36,362

YSP $64,850 $49,320 $44,865

HTC $57,198 $52,949 $50,605

YHA $59,766 $59,766 $59,766

Expected Value:

Stock Market Rising Market Stable Market Falling Expected Value

Probability 60% 30% 10%

SUA $68,082*60% $47,373*30% $36,362*10% = $58,697

YSP $64,850*60% $49,320*30% $44,865*10% = 58,163

HTC $57,198*60% $52,949*30% $50,605*10% = 55,264

YHA $59,766*60% $59,766*30% $59,766*10% = 59,766

SUA = $40,849.20 + $14,211.90 + $3,636.20 = $58,697.30

YSP = $38,880 + $14,796 + $4,486.50 = $58,162.50

HTC = $34,318.80 + $15,884.70 + $5,060.50 = $55,264

YHA = $35,859.60 + $17,929.80 + $5,976.60 = $59,766

6 0

2 years ago

When starting a new job, the form you complete to determine how much tax to withhold from your paycheck is called the _______.

maksim [4K]

Letter D. W-4 is the answer to your question.

5 0

3 years ago

Read 2 more answers

What is the best loan option for a neighborhood Lemonade stand? Why?​

What is the best loan option for a neighborhood Lemonade stand? Why?